Optimism on trade talks and rising of Asian stocks
Publish Date : 2019/09/05 - 05:26

Asian stocks are in green territory, amid of new optimism on a possible US-China trade dispute resolution and the fading of the possibility of a hard Brexit.

As the time of writing, Japan's Nikkei is adding 490 points or 2.37%.

The S&P/ASX 200 is trading 55 points or 0.84%.

Stocks in Hong Kong and South Korea are also in a green range.

The Chinese equities are up 1.5%, and the Shanghai index has risen above 3,000 levels.

Risk appetite rose after a US Treasury spokesman said that the US and China will hold trade talks in Washington in October. Therefore, the US stocks showed good performance and the S&P 500, adding 1.08%.

The risk-on action hasn't influenced on bond yields. The 10-year US Treasury yield is currently flat, around 1.484%.

Source: Fxstreet

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